"I run into this claim quite a lot. A lot of the people advancing it are fans of G. Edward Griffin, and this is why I find it so odd that this theory has gained so much traction. Griffin discounts the theory in his excellent book The Creature from Jekyll Island. More on that in a minute.
There seems to be a desire among some end-the-Fed people to believe that we’ve had a few good presidents who have tried to stand up for the people but were tragically stopped by the bankers. Thus we hear this fake quotation, attributed to Woodrow Wilson, quite a bit: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
The first two sentences of this quotation are entirely fabricated. The rest come from..."